India's big four outsourcers scored record deals in Q2, but revenue didn't reflect those successes
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Now,".. we are not going to the campuses. We will monitor this every quarter, looking at our future predictions, and then finally decide when we do go back," Infosys chief financial officer Nilanjan Roypointed out that headcount for the outsourcing giant has been down five percent over the past three quarters with utilization rates flat at 81.8 percent - meaning Infosys has about four days work for each employee, but pays for the full week.
Tata Consulting Services TCS chief of HR Milind Lakkad had better news for early career techies, saying his firm is committed to hiring 40,000 freshers in FY24. his business was hiring fewer people and not backfilling attrition, because of the freshers coming in. Total headcount at HCL dropped by 2,299 from the last quarter – to 221,139 – with plans to add 10,000 freshers.
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